Systems and methods for ephemeral vcn provisioning

Patent metadata

Field	Value
Publication number	US-2025029087-A1
Application number	US-202318224264-A
Country	US
Kind code	A1
Filing date	Jul 20, 2023
Priority date	Jul 20, 2023
Publication date	Jan 23, 2025
Grant date	—

Abstract

Example embodiments disclose systems and methods for provisioning a virtual card number (VCN) directly to the merchant processor responsible for a consumer transaction. The VCN can be restricted according to one or more restrictions and in some embodiments, a predictive model can generate the one or more restrictions.

First claim

What is claimed is:

1 . A system for generating a virtual card number (VCN), the system comprising:
a server comprising a banking application, wherein the banking application is configured to:
receive, from a user device application, one or more user identification data;
match the one or more user identification data to a user profile;
transmit, to the user device application, an authentication request;
receive, from the user device application an authentication credential;
retrieve, one or more primary account numbers (PANs) associated with the user profile;
transmit, to the user device application, a prompt to choose one or more of the PANs with which to complete a transaction;
receive, from the user device application, a choice of one or more PANs;
generate a virtual card number (VCN) associated with the chosen one or more PANs; and
transmit the VCN to a merchant processor.

2 . The system of claim 1 , wherein the VCN is restricted to one or more merchants.

3 . The system of claim 1 , wherein the VCN is configured to expire after a predetermined time period.

4 . The system of claim 1 , wherein the VCN is limited to a predetermined spending limit.

5 . The system of claim 1 , where in the banking application is further configured to store, upon generating the VCN, the VCN in a data storage unit for later use.

6 . The system of claim 1 , wherein the VCN is restricted to one or more merchants and one or more merchant categories.

7 . The system of claim 6 , wherein the banking application is further configured to dynamically create a merchant category based on a spending history associated with the user profile.

8 . The system of claim 1 , wherein the banking application is further configured to:
retrieve, from a database, user location data associated with the user profile; analyze trends in the user location data; and generate a predictive model configured to determine a restriction on the VCN, wherein the predictive model comprises a model of one or more future spending habits associated with the user profile anticipated by a predetermined algorithm.

9 . The system of claim 1 , wherein the banking application is further configured to:
retrieve, from a database, spending history data associated with the user profile; analyze trends in the spending history data; and generate a predictive model configured to determine a restriction on the VCN, wherein the predictive model comprises a model of one or more future spending habits associated with the user profile anticipated by a predetermined algorithm.

10 . The system of claim 1 , wherein the banking application is further configured to:
retrieve user fraud history data associated with the user profile; analyze trends in the user fraud history data; and generate a predictive model configured to determine a restriction on the VCN wherein the predictive model comprises a model of one or more future spending habits associated with the user profile anticipated by a predetermined algorithm.

11 . A method for generating a virtual card number (VCN), the method comprising the steps of:
receiving, by a banking application associated with a server, one or more user identification data; matching, by the banking application, the one or more user identification data to a user profile; transmitting, by the banking application to a user device application, an authentication request; receiving, by the banking application from the user device application, an authentication credential; retrieving, one or more primary account numbers (PANs) associated with the user profile; transmitting, to the user device application, a prompt to choose one or more of the PANs with which to complete a transaction; receiving, from the user device application, a choice of one or more PANs; generating, by the banking application, a virtual card number (VCN) associated with the chosen one or more PANs; and transmitting, by the banking application, the VCN to a merchant processor.

12 . The method of claim 11 , wherein the VCN is restricted to at least one of a predetermined time period, merchant, geographic location, or price.

13 . The method of claim 12 , wherein the predetermined restriction is dynamically changed by the banking application in response to one or more spending habits associated with the user profile.

14 . The method of claim 11 , wherein the method further comprises the steps of:
retrieve, from a database, spending history data associated with the user profile; analyze trends in the spending history data; and generate a predictive model configured to determine a restriction on the VCN, wherein the restriction is based on a predetermined set of merchant categories.

15 . The method of claim 14 , wherein the method further comprises the steps of:
generating, upon receiving the choice of one or more PANs, the VCN, wherein the VCN is bound to the one or more selected PANs.

16 . The method of claim 15 , wherein the VCN is transmitted from the processor to the merchant processor without notification to the user of the VCN's existence.

17 . The method of claim 11 , wherein the method further comprises the steps of:
receiving, by the processor, a fraud detection associated with the VCN; and changing, by the processor in response to the fraud detection, one or more restrictions associated with the VCN.

18 . The method of claim 11 , wherein the authentication credential comprises a short message service (SMS) one time passcode (OTP), a password, biometric, or unique customer identifier.

19 . The method of claim 18 , wherein the authentication credential is transmitted over a communication field comprising near field communication (NFC), radio frequency identification (RFID), or Bluetooth.

20 . A computer readable non-transitory medium comprising computer executable instructions that, when executed by a computer hardware arrangement comprising a processor, causes the computer hardware arrangement to perform procedures comprising:
receiving one or more user identification data; matching the one or more user identification data to a user profile; transmitting to a user device application, an authentication request; receiving, from the user device application, an authentication credential; retrieving, one or more primary account numbers (PANs) associated with the user profile; transmitting, to the user device application, a prompt to choose one or more of the PANs with which to complete a transaction; receiving, from the user device application, a choice of one or more PANs; generating, a virtual card number (VCN) associated with the chosen one or more PANs; and transmitting the VCN to a merchant processor.

Assignees

• Capital One Services Llc

Inventors

• Rule Jeffrey
• Koshy Bob Uni
• Chase Cory
• Shi Derek

Classifications

• G06Q2220/00

  Business processing using cryptography · CPC title

• G06Q20/4016

  involving fraud or risk level assessment in transaction processing · CPC title

• G06Q20/4014

  Identity check for transactions · CPC title

• G06Q20/3821

  Electronic credentials · CPC title

• G06Q20/351

  Virtual cards · CPC title